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that the president moved to hawaii and that's where he is today. the congress is back home for the holidays and you have the fiscal cliff, that's still looming and as they call for armed guards in all of the nation's schools we'll talk to kasim reed, mayor of atlanta and one of the people around the country who say we need fewer gun, not more. >>> as millions travel home for the holidays, stay tuned for that. good day. i'm richard lui at the top of the hour and just two days to go before the fiscal deadline and congress has gone home for the holidays. >> in the next few days i've asked leaders of congress to work toward a package that prevents a tax hike on middle-class americans and that's an achievable goal that can get done in ten days. >> i don't want tax rates to go up and republicans don't want tax rates to go up. the best way to address our crippling debt is to make significant spending cuts and fix our tax code, to pave the way for long-term growth and opportunity. >>> nbc's kristin welker is traveling with the president in hawaii and kristin, the president you are just learning he thinks s
is hawaii. the house is out of session. the senate is adjourned. they are going to coming back on the 27th. that gives them five days. they have been talking about this fiscal cliff for months. last five days and they have to involves more than a trillion dollars and billions of dollars in tax hikes. how can they get it done? they won't. president on friday gave the all clear for members not to do a big package. he said, look, let's do a stopgap. in other words, let's stop everyone from having their taxes go up and do something smaller so on january 1st it's not just this big looming.... >> does that mean the president could offer extend the tax rates for six months and begin negotiating all over again beginning in january, obviously that would be the usual procrastination in washington, is that what you are talking about here? >> i think what will happen, the president will look for ways to gain the most leverage for himself. the conventional wisdom, democrats really gain power if january 1st comes along and everybody's taxes goes up. it brings revenues in the treasury and raises rates on
the fiscal cliff. happy new year. here's what you might have missed. president obama left hawaii early to get back to washington today. the senate is also coming back from christmas vacation today to work on a deal. now, sources tell us majority leader harry reid will push a scaled-back version of the fiscal cliff package that president obama laid out on friday, which moved the tax hike needle to $400,000. no word yet on when the house of representatives might come back, but democrats say the only hope we have of something getting through the house, the senate and the white house may be a very last-minute deal. cnn radio's lisa is following developments on capitol hill right now. the ball is in senate majority leader harry reid's court it would seem right now, lisa. >> that's right. harry reid and the senate seem to be the only game in town right now with the senate returning today. we also know from sources, ali, that over this christmas break there were no conversations between the president and top-level republicans. sources from both parties are telling us they are watching the senate, es
. also, president obama comes back from hawaii for the year's final showdown with congress. >>> and syria's government unleashes its most sophisticated weapons of the war. missiles from iran. we'd like to welcome our viewers here in the united states and around the world. wolf blitzer is off today. i'm candy crowley and you're in "the situation room." >>> i want to begin with a crisis you probably don't know is coming and, of course, is just about to hit. barring a last minute deal, union dock workers at more than a dozen major ports will go on strike this weekend. meaning just about everything we buy, from clothes to cars, can't be unloaded. the strike would impact 14 port along the eastern seaboard in gulf coast, including the port of baltimore and that's where we find cnn's brian todd live. the potential impact of this is pretty big. >> reporter: it's huge, candy. right here, this is one of the most crucial ports for commerce in this region. the sieger terminal. you can see massive container ships sitting in port. this is the port terminal with the bustling operations, containers still
are is likely to be here in town and the president has said that he's not going to go on his trip to hawaii, likely as long as he has somebody to negotiate with. we'll see what happens with this weekend. it doesn't sound like at least the key players are going anywhere. >> we'll see if there will be a christmas miracle. that would be nice, wouldn't it? >>> elsewhere on capitol hill, top state officials are promising congress that they will improve security at diplomatic posts around the world, in some cases by the end of the year. hearings are being held today on the deadly of the attack on benghazi, libya. arguing whether more money would help keep american diplomats safe. >> if the state department intends to blame it is long string of failures on inadequate funding, then perhaps it should take a closer look at the money that is being lavished on global climate change, culinary diplomacy programs and other favored projects. in money could have been used for providing diplomatic security, including hiring additional personnel and providing them with adequate equipment and training. >> we'r
left hawaii. he left last night, arriving in d.c. early this morning. the senate is also coming back from its christmas vacation to work on a deal today. sources tell us majority leader harry reid will be pushing a scaled back version of the fiscal cliff package that president obama laid out last week. it moved the tax hike needle to $400,000 per household. no word yet on when the house might come back with time ticking away. democrats are hoping that a scaled back plan could get through the house, senate and white house before that big ball drops on 2013. that would be sometime on december 30th or even on new years eve. we want to bring in jonathan allen. he's a senior national correspondent for politico. the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of the players believe they are pursuing their optimal strategies given the strategies of the other player
to hawaii. where he said look, we have to scale back expectations. basically just extend middle class tax cuts. don't worry about the rates for everyone else. secondly extend unememployment insurance for about two million people who will be losing it a few days from now at the end of the year. finally he refer to possibility of smaller bit ever spending cuts. not major entitlement rerecall to. not major cuts to medicare like had been on the table in so-called plan a, the $4 trillion debt deal he and john boehner had been talking about for weeks. so we might see a small bit of spending cuts just to stave off the sequester, the massive amount of spending cuts that will kick in at the beginning of the year to harm the pentagon and other agencies. if they are getting anything, there are low expectations but if they get anything it will be a very small deal, something much smaller than they have been talking about for weeks, jon. jon: there aren't too many people these meetings. so a little hard to get an assessment, what is your idea, what is your best, yeah, assessment i guess how things are
that you're on of the they were upset that they went on christmas vacations. the president went to hawaii and members of congress went home. both sides said we're going to come back to washington because we've got to solve the situation. i think what so many people are frustrated about is this is an ongoing situation. it's like every year we come to this point where we're talk being this cliff and this is what i think has angered so many voters and why congress has such a low approval rating. >> rick: they also got to this point because of their last time they did this. it was the last debt creating fight that deleted this thing. now they gave themselves an amount of time to work on it you and thought maybe last week there was a little progress being made. turns out there is not. we're back to exactly where we started at and we're eight days out now. >> clayton: you're right about that 'cause senator baucus, even back around thanksgiving, the senator from month month said oh, this is not going to get done, around thanksgiving. he said we will wait, as congress does, this will come to the
Search Results 0 to 7 of about 8